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ABC Inc. reported the following for 2020: Net income $500,000, Sales $6,000,000, average current assets $2,000,000, average total assets $5,000,000, average inventory $450,000, and average
ABC Inc. reported the following for 2020: Net income $500,000, Sales $6,000,000, average current assets $2,000,000, average total assets $5,000,000, average inventory $450,000, and average debt $2,500,000. Calculate the inventory turnover for 2020 ________________________
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